The ERP Minute — December 14th, 2021

Oracle announced fiscal 2022 second quarter financial results. Total revenue for Oracle was up 6.4% to $10.4 billion dollars. Cloud services and license support revenue were up 6% to $7.6 billion dollars. Total cloud revenue was up 22% to $2.7 billion. Fusion ERP cloud revenue was up 35%, NetSuite ERP cloud revenue was up 29%. Oracle CEO Safra Catz made a statement on the report, crediting infrastructure and application growth.